Decline of Unions, Taxing Big Firms, U.S. Reparations: Eco Day

Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • President Joe Biden’s strategy of bolstering labor unions as a way to enhance American workers’ pay is running up against a half century of setbacks for organizing workers
  • A U.S. House panel cleared the way for the full chamber to vote on legislation to create a commission to study reparations for the descendants of slaves, the first time the proposal has advanced that far since it was originally introduced three decades ago
  • 139 rich and poor nations are closing in on a framework for taxing multinational corporations that would be the biggest change in the system since 1923
  • For the euro area to jumpstart economic growth with a consumption boom, a whole generation of citizens who hoard money rather than spend it would need to splash out
  • Here’s what to watch for in China’s GDP report on Friday
  • Employers risk creating an unhealthy working culture in the post-pandemic world by embracing remote work without true flexibility, a survey led by King’s College London found
  • Finally, check out this week’s Stephanomics podcast: Host Stephanie Flanders and author and professor Mariana Mazzucato discuss why the obvious solutions to the world’s biggest problems aren’t being implemented

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